News Update

Deficits and fulfilling promises to States - A different viewCus - Procedure for rejection of declared value u/r 12 of CVR is mandatory in nature - the mandate of Rules 4 to 9 must be satisfied sequentially before invoking provisions of Rule 12: CESTATIFSCA Panel submits interim report on international retail businessST - Even if receipts under Club & Association service, earned by a society registered under Societies Registration Act are treatable as its income, no service tax is leviable on such amount: CESTAT46K villages in Bihar to be connected with OFC Internet by Mar 31, 2021Cus - It is a substantive right of the exporter to claim drawback; should not be denied on account of procedural irregularities: CESTATIEA, NITI Aayog launch Report on Sustainable RecoveryPenalty cannot be imposed for alleged breach of one limb of Sec 271(1)(c), if penalty proceedings were initiated for breach of other limb of Sec 271(1)(c): HCAssessment u/s 153A can be resorted to only if any material incriminating the assessee is found during Search operation conducted u/s 132: ITATReopening of assessment - AO cannot make additions in respect of any amount other than that amount for which such proceedings were resorted to: ITATGST - Removal of goods before supply - Time period for issue of invoice extended till Oct 31 + Date extended for GSTR-4 till Oct 31 + Waiver of late fee for GSTR-10 if return filed till Dec 31Cabinet gives nod for uptick in MSPs for all Rabi crops78 new routes identified under Phase 1 of UDAN 4.0CBIC launches single window module for processing of deputation applicationsCBDT notifies scope of faceless assessment with cut-off date of Aug 13Income tax officers compulsorily retired under Rule 56(j) - Representation - Govt constitutes Panel
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GST Compensation Row Should Aid Enactment of Govt Debt Law
September 18, 2020
GST - Compensation woes - Council needs to consult Finance Commission for way out!
August 25, 2020
Growth Engine (Stimulus Package) is Unable to Pull Bogies
August 01, 2020
Ad hoc Jobs & Free Ration good; More Steps Needed to Revive Growth
July 03, 2020
Create Congenial Ecosystem for Growth to Return & Rock
June 08, 2020
Good Economic Stimulus Should Be Revised into Wholesome Package
May 19, 2020
Locked Economy Needs Timely & Generous 2nd Fiscal Stimulus
April 21, 2020
Lockdown Calls for Bold Steps to Restart Virtually Grounded Economy
April 03, 2020
Govt should Act Fast to face Coronavirus' Economic Challenge
March 05, 2020
Take Finance Commission's Report as Beacon for Ending Slowdown
February 07, 2020
Challenging Time for 2020-21 Budget Preparation
January 07, 2020